7/16/2018

Weak selling in SPX and VXX below levels both suggest market will go higher. Also, NYA held HP when it could have broken.

That said some of the leadership is fading - USO, IWM and XBI taking hits as well as NFLX and NQ after hours.

VIX held YP today so this is again a hedging possibility, but with VXX crumbling the actual message of volatility is conflicted. 

SPX and VIX below. 

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